Methanex's (MEOH) Earnings And Revenues Miss Estimates In Q2
Zacks Investment Research | Aug 05, 2019 08:39AM ET
Methanex Corporation (NASDAQ:MEOH) recorded profit (attributable to shareholders) of $50.2 million or 51 cents per share in the second quarter of 2019, down from $111.4 million or $1.36 in the year-ago quarter.
Adjusted earnings per share (barring one-time items) in the quarter were 34 cents, which missed the Zacks Consensus Estimate of 50 cents.
Revenues dropped roughly 22.7% year over year to $734.4 million in the quarter and missed the Zacks Consensus Estimate of $743 million.
Adjusted EBITDA tumbled 46.9% year over year to $146 million.
Methanex Corporation Price, Consensus and EPS Surprise
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